Bajaj Auto Limited.: Trouble with Argentine Peso
商品編號：9B19N010
出版日期：2019/04/29
再版日期：
商品來源：
商品主題：Finance; International Business
商品類型：Case (Pub Mat)
涵蓋議題：Argentine Peso, Fall of Peso, Argentina Currency Crisis;devaluation
難易度：4 - Undergraduate/MBA
內容長度：15 頁
地域：Argentina; India
產業：Manufacturing
事件年度：2015
In December 2015, the new government in Argentina lifted capital controls, leading to a sudden drop in the value of the Argentine peso. This depreciation of the peso had the potential to significantly affect companies that exported goods to Argentina. One such company was Bajaj Auto Limited (Bajaj Auto), an Indian exporter of motorcycles to Argentina. On December 18, 2015, Bajaj Auto’s shares dropped 2.43 per cent and lost over US$212 million in market capitalization. The market was reacting to concerns that exports from the world’s fourth-largest manufacturer of two-wheelers, Bajaj Auto, might be hurt in Argentina, where it was the market leader with over 30 per cent of the market share.
Following the 30 per cent decline of the peso on December 16, 2015, there was uncertainty about the future of the currency. What caused Argentina to lift currency controls and float the peso? Why had the Argentine peso depreciated so sharply, and what was its future course? Moreover, how would this affect Bajaj Auto and how could it handle such a crisis?
教學手冊：Bajaj Auto Limited: Trouble with Argentine Peso - Teaching Note
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